Choice Hotels International, Inc. (NYSE:CHH) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. reduced its position in Choice Hotels International, Inc. (NYSE:CHHGet Rating) by 4.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,086 shares of the company’s stock after selling 244 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Choice Hotels International were worth $557,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Great West Life Assurance Co. Can grew its position in Choice Hotels International by 24.3% in the 3rd quarter. Great West Life Assurance Co. Can now owns 25,242 shares of the company’s stock valued at $2,766,000 after acquiring an additional 4,927 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Choice Hotels International by 14.9% during the third quarter. SG Americas Securities LLC now owns 16,442 shares of the company’s stock worth $1,801,000 after buying an additional 2,128 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Choice Hotels International during the third quarter worth about $2,245,000. State of New Jersey Common Pension Fund D grew its position in shares of Choice Hotels International by 7.7% during the third quarter. State of New Jersey Common Pension Fund D now owns 20,203 shares of the company’s stock worth $2,213,000 after buying an additional 1,447 shares in the last quarter. Finally, Keybank National Association OH grew its position in shares of Choice Hotels International by 57.1% during the third quarter. Keybank National Association OH now owns 3,410 shares of the company’s stock worth $373,000 after buying an additional 1,240 shares in the last quarter. 58.03% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Choice Hotels International

In other news, SVP Simone Wu sold 6,342 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $120.82, for a total transaction of $766,240.44. Following the completion of the sale, the senior vice president now owns 39,147 shares in the company, valued at $4,729,740.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Patrick Cimerola sold 2,106 shares of the company’s stock in a transaction that occurred on Tuesday, October 25th. The stock was sold at an average price of $125.10, for a total transaction of $263,460.60. Following the completion of the sale, the insider now owns 22,296 shares in the company, valued at $2,789,229.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Simone Wu sold 6,342 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $120.82, for a total value of $766,240.44. Following the sale, the senior vice president now owns 39,147 shares of the company’s stock, valued at approximately $4,729,740.54. The disclosure for this sale can be found here. Insiders sold 38,448 shares of company stock worth $4,702,901 over the last 90 days. 20.84% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CHH shares. StockNews.com started coverage on Choice Hotels International in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Redburn Partners started coverage on Choice Hotels International in a report on Wednesday, November 30th. They issued a “sell” rating for the company. Morgan Stanley started coverage on Choice Hotels International in a report on Monday, December 5th. They issued an “equal weight” rating and a $137.00 price target for the company. Truist Financial lowered their price target on Choice Hotels International from $135.00 to $120.00 and set a “hold” rating for the company in a report on Monday, December 5th. Finally, Barclays lowered their price target on Choice Hotels International from $108.00 to $107.00 and set an “underweight” rating for the company in a report on Tuesday, November 8th. Four research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $120.75.

Choice Hotels International Price Performance

Shares of NYSE CHH opened at $123.91 on Monday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 4.06. Choice Hotels International, Inc. has a twelve month low of $104.15 and a twelve month high of $153.71. The stock has a 50 day moving average of $117.60 and a two-hundred day moving average of $117.13. The stock has a market cap of $6.60 billion, a P/E ratio of 20.38, a P/E/G ratio of 1.80 and a beta of 1.26.

Choice Hotels International (NYSE:CHHGet Rating) last issued its quarterly earnings data on Monday, November 7th. The company reported $1.56 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.19). Choice Hotels International had a net margin of 25.72% and a return on equity of 87.75%. The firm had revenue of $414.30 million during the quarter, compared to analysts’ expectations of $374.90 million. During the same quarter in the prior year, the firm posted $1.51 EPS. Choice Hotels International’s quarterly revenue was up 28.1% compared to the same quarter last year. On average, research analysts forecast that Choice Hotels International, Inc. will post 5.12 earnings per share for the current year.

Choice Hotels International Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 17th. Stockholders of record on Tuesday, January 3rd were paid a dividend of $0.237 per share. This represents a $0.95 annualized dividend and a dividend yield of 0.77%. The ex-dividend date was Friday, December 30th. Choice Hotels International’s dividend payout ratio (DPR) is presently 15.63%.

About Choice Hotels International

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Choice Hotels International, Inc engages in the franchising and operations of hotels. It operates through Hotel Franchising, and Corporate and Other segments. The Hotel Franchising segment refers to the hotel franchising operations consisting of the company’s several hotel brands. The Corporate and Other segment deals with hotel revenues and rental income related to office buildings owned by the company.

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Institutional Ownership by Quarter for Choice Hotels International (NYSE:CHH)

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